Asus 2014 Annual Report Download - page 197
Download and view the complete annual report
Please find page 197 of the 2014 Asus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196 -
197 -
198 -
199 -
200 -
201 -
202 -
203 -
204 -
205 -
206 -
207 -
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
 |
 |
193
(H) The principal actuarial assumptions used are as follows:
Assumptions regarding future mortality experience are set based on actuarial advice in
accordance with published statistics and experience in each territory.
(I) Historical information of experience adjustments is as follows:
(J) Expected contribution to the defined benefit pension plans of the Group within one year
from December 31, 2014 are $508.
B. Defined contribution pension plans
(A) Effective July 1, 2005, the Company and its domestic subsidiaries have established a
defined contribution pension plan (New Plan) under the Labor Pension Act, covering all
regular employees with R.O.C. nationality. Under the New Plan, the Company and its
domestic subsidiaries contribute monthly an amount based on 6% of the employees’
monthly salaries and wages to the employees’ individual pension accounts at the Bureau
of Labor Insurance. The benefits accrued are paid monthly or in lump sum upon
termination of employment.
(B) The Company’s mainland subsidiaries have a defined contribution plan. Monthly
contributions to an independent fund administered by the government in accordance
with the pension regulations in the People’s Republic of China are based on certain
percentage of employees’ monthly salaries and wages. Other than the monthly
contributions, the Group has no further obligations.
(C) The pension costs under the defined contribution pension plans of the Group were
$952,643 and $862,790 for the years ended December 31, 2014 and 2013, respectively.
2014 2013
Discount rate 1.88%~3.50% 1.88%~2.00%
Future salary increases 2.00%~4.00% 1.20%~4.00%
Expected return on plan assets 1.75%~2.25% 1.75%~2.00%
For the years ended December 31,
2014 2013 2012
Present value of defined
213,341)($ 178,086)($ 162,833)($
benefit obligation
Fair value of plan assets 202,611 198,152 200,946
Surplus in the plan 10,730)($ 20,066$ 38,113$
Experience adjustments
15,639)($ 8,704)($ 4,948)($
on plan liabilities
Experience adjustments
795$ 739)($ 1,442)($
on plan assets
For the years ended December 31,